Date: November 21, 2012 , 09:00 – 17:00, IAB Nuremberg
Institution: Graduate Programme (GradAB) at the Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nuremberg
Lecturer: Prof. Dr. Lutz Bellmann
The economic recession 2008/09 was associated with severe employment losses in many countries whereas Germany exhibits a strong resilience on the labor market. In contrast to other countries the effects of the crisis were largely restricted to export-oriented industries. Firms in those industries suffered from a shortage of skilled personnel before the crisis. Although studies indicate that the crisis was associated with declining wages, they appear not to have been the primary adjustment channel in establishments that could easily reduce labor costs by decreasing working hours (e.g., those operating working-time accounts) or had access to short-time allowance schemes or concluded company-level pacts for employment and competitiveness. These topics are discussed on the basis of recently published articles in the seminar. Last but not least the effects of the Great Recession on human capital formation at the establishment level are considered.
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